Ex-Heartland Payment Systems CEO to pay $250K penalty to SEC

Combined Shape

NEWARK, N.J. (AP) — The former chief executive officer of one of the country’s largest payment processing companies has settled insider trading allegations with the Securities and Exchange Commission.

A court filing shows that former Heartland Payment Systems CEO Robert O. Carr signed an order last week that requires him to pay a civil penalty of $250,000 to the SEC. As part of the agreement, he didn’t admit or deny any of the allegations in the complaint.

Carr was accused of giving inside information to girlfriend Kathie Hanratty ahead of Heartland’s acquisition by Global Payment Inc. Hanratty reached an agreement with the SEC last fall to pay back about $500,000.

Both also face a lawsuit filed by Heartland and could face federal charges. An attorney representing Carr didn’t return a message seeking comment Monday.

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

Truth and Accuracy

Submit a Correction →






We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

Tags:
The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands.
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
Location
New York City




Conversation